EIPX vs SPY
FT Energy Income Partners Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EIPX or SPY?
Each has led over a different period.
SPY has a lower expense ratio. EIPX led over 1Y, SPY over 3Y and the full window. EIPX is less concentrated, with 37.4% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EIPX | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $575M | $823.2B |
| Dividend Yield | 2.89% | 0.99% |
| Holdings | 174 | 1,515 |
| YTD Return | +24.60%Best | +13.53% |
| 1Y Return | +30.77%Best | +17.47% |
| 3Y Return (annualized) | +18.80% | +22.36%Best |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 13.3% | 12.8%Best |
| Max Drawdown | -15.4%Best | -18.8% |
| $10,000 over 3.9 years | $18,539 | $21,655Best |
| Top 10 Weight | 37.4%Best | 38.2% |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 3, 2022 to Oct 14, 2026 (3.9 years).
EIPX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
EIPX vs SPY Performance
FT Energy Income Partners Strategy ETF (EIPX) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EIPX returned +30.77% while SPY returned +17.47%. Year to date, EIPX is up 24.60% versus a gain of 13.53% for SPY.
Over three years, EIPX compounded at +18.80% per year against +22.36% for SPY. Across the full 4-year window we track, SPY has the edge at +21.91% annualized vs +17.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EIPX has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 12.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.4% for EIPX and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EIPX charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, EIPX currently yields 2.89% against 0.99% for SPY.
Holdings Overlap
40.4% of EIPX's money is in holdings SPY also owns. 4.4% of SPY's money is in holdings EIPX also owns.
The two portfolios partly overlap.
42 positions in common, counted across the 89 positions we hold weights for in EIPX and 504 in SPY, against full books of 174 and 1,515.
What only one of them owns
Our book lists 454 positions for SPY that do not appear in our book for EIPX (94.6% of the fund), and 33 for EIPX that do not appear in SPY (49.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EIPX | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 3.47% | 1.04% | 2.43% |
| KMIKinder Morgan Inc./de | 2.50% | 0.09% | 2.41% |
| OKEOneok Inc. | 2.47% | 0.09% | 2.38% |
| SOSouthern Co. | 1.74% | 0.15% | 1.59% |
| BKRBaker Hughes A Ge Company | 1.78% | 0.09% | 1.69% |
| SRESempra Common Stock | 1.78% | 0.08% | 1.70% |
| DUKDuke Energy Corp | 1.48% | 0.14% | 1.34% |
| EVRGEvergy Inc. | 1.51% | 0.03% | 1.48% |
| EOGEog Resources Inc | 1.31% | 0.12% | 1.19% |
| HALHalliburton Co. | 1.38% | 0.04% | 1.34% |
40.4% of EIPX is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EIPX or SPY?
EIPX has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, EIPX or SPY?
Over the past year EIPX returned +30.77% vs +17.47% for SPY, so EIPX leads on 1-year performance. Over the longest common window we track (4 years), EIPX annualized +17.15% vs +21.91% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EIPX or SPY?
EIPX has been the more volatile fund at 13.3% annualized versus 12.8% for SPY. Worst drawdown: EIPX -15.4% vs SPY -18.8%.
Should I hold both EIPX and SPY?
EIPX and SPY have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EIPX and SPY?
40.4% of EIPX's money is in holdings SPY also owns. 4.4% of SPY's is in holdings EIPX also owns. They hold 42 positions in common, counted across the 89 positions we hold weights for in EIPX and 504 in SPY.
Which pays a higher dividend, EIPX or SPY?
EIPX yields 2.89% while SPY yields 0.99%, so EIPX currently pays the higher dividend yield.
Is SPY better than EIPX?
SPY has a lower expense ratio. EIPX led over 1Y, SPY over 3Y and the full window. EIPX is less concentrated, with 37.4% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.